The Principal Balance Of

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Posted on January 30, 2019 at 01:31 AM



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Loss mitigation - Wikipedia
Kinds of loss mitigation. Loan modification: This is a process whereby a homeowner's mortgage is modified and both lender and homeowner are bound by the new terms. The most common modifications are lowering the interest rate and extending the term to up to 40 years. Reduction in the principal balance, however, is so rare that the Federal Reserve wrote in a report that they could find no ...

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